US fund Platinum Equity acquires SUMA from Portuguese group Mota-Engil
- Portugal Business News
- Mar 14, 2023
- 1 min read
US fund Platinum Equity is acquiring industrial waste company SUMA from Portuguese group Mota-Engil through Spanish company Urbaser. Urbaser, that already had a 40.80% stake in SUMA, will create a new company, Industrial Waste Newco according to elEconomista.
Platinum Equity, that acquired shares in Urbaser from China Tianying in 2021 for $ 4.2 billion, will strengthen its position in the industrial waste sector in Portugal.
Urbaser, that is a leading global environmental management company with a presence in 25 countries, operates in three segments, namely urban services for waste collection and green infrastructure, municipal waste treatment as well as Industrial Waste Treatment.
